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In the ________________ economies, history, culture, and past actions determine the answers to the three economic questions. Group of answer choices

Sagot :

francocanacari

Answer:

Traditional.

Explanation:

Traditional economy is an economic system in which traditions and customs determine the practice of using limited resources. It is the oldest economic system of the world. In a traditional economy, land and capital are in common ownership, and the main economic problems of society - what, how and for whom to produce - are solved mainly on the basis of traditional tribal or semi-feudal hierarchical relations between people.  This type of economy has survived in underdeveloped and industrially developing countries, in which socioeconomic stagnation is pronounced, society seeks to maintain the status quo.

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